Grupo SATA (Portugal) has disclosed its 2024 financial results, highlighting significant challenges faced by both Azores Airlines and SATA Air Acores. Azores Airlines ended the year with a net loss of $81.1 million on revenues of $382.9 million, while SATA Air Acores reported a negative result of $13.2 million with revenues around $68.3 million.
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Aeromexico has initiated a $1.1 billion bond offering aimed at refinancing its debt, specifically addressing $663 million in senior secured notes due in 2027.
SWISS International Air Lines reported an operating profit of CHF 505 million for the first nine months of 2024, despite an 18% decline from last year’s record earnings. This result comes as total revenue reached CHF 4.2 billion, reflecting a 5.7% increase, supported by robust summer travel demand and resilient performance in the cargo division,…
Asia Aviation, the Thai parent company of Thai AirAsia, recorded a strong financial performance in the third quarter of 2024 with a net profit of $100.1 million. This impressive result was fueled by a 55% increase in revenue, reaching $445.3 million. The significant revenue growth reflects Asia Aviation’s successful recovery in the post-pandemic travel environment and the rising demand for air travel…
AerCap, the world’s largest aircraft lessor, has been awarded over $1 billion by a UK High Court ruling, which found that insurers are obligated to cover losses related to aircraft stranded in Russia. The case stemmed from the aftermath of sanctions and countermeasures that left hundreds of leased aircraft unable to be repossessed by Western lessors following the invasion of…
Morningstar DBRS, one of the leading credit rating agencies, has announced the assignment of provisional credit ratings to notes issued by AASET 2024-2, a securitization transaction.
Moody’s Investors Service has affirmed the long-term and short-term issuer ratings of Clover Aviation Capital, a prominent Hong Kong-based aircraft leasing company. The ratings, set at Baa3 for long-term and P-3 for short-term, are aligned for both foreign and local currency obligations. The outlook has been revised from stable to positive, signaling potential future upgrades…
